Pakistani fintech Haball has raised US$52mn in equity and debt as it plans expansion of its SME lending platform to Saudi Arabia later this year. Haball operates a shariah-compliant supply chain finance (SCF) platform, Wisaaq, which operates through partnerships with funding banks. It has secured a US$5mn equity investment from Pakistani venture capital firm ...| Global Trade Review (GTR)
The high costs of offering global trade finance may cause some large lenders to scale back and open the way for more specialised and regional lending, JP Morgan’s Natasha Condon has said. “Being a big international trade bank is really expensive. It’s getting more expensive every year, and that means there are going to be ...| Global Trade Review (GTR)
Supply chain finance provider Orbian is set to acquire Payment Institution Roger, a Czech fintech that has financed invoices worth more than €1.6bn since its launch in 2013. Brno-based Roger provides supply chain finance programmes for large buyers and receivables finance for SMEs, offering both a multi-funder peer-to-peer platform and a white-label solution for corporates. ...| Global Trade Review (GTR)
Metals trader Gerald Group has grown its annual syndicated revolving credit facility (RCF) to US$230mn after attracting several fresh lenders. Gerald, which specialises in trading ferrous, non-ferrous and precious metals, says the oversubscribed facility renews last year’s RCF, which was closed at US$185mn after initially launching at US$150mn. Crédit Agricole Indosuez (Switzerland) and Deutsche Bank’s ...| Global Trade Review (GTR)